What is consolidation currency in SAP SD-BIL-IV-CB - Consolidated Billing?

SAP Term: consolidation currency

• Component: SD-BIL-IV-CB

• Component Name: Consolidated Billing

• Description: A currency specified for use in invoice packages containing invoices originally created in different currencies.

Smart SAP Assistant

• Key Concepts: 
  Consolidation currency is a term used in SAP's Consolidated Billing component (SD-BIL-IV-CB). It is the currency used to calculate the total amount of a consolidated invoice. This currency is determined by the customer's master data and can be different from the currency of the individual invoices that are being consolidated. 
  
  How to use it: 
  The consolidation currency is set in the customer master data. This can be done by going to the Sales and Distribution tab in the customer master data, then selecting the “Consolidation Currency” field. Once this is set, all invoices that are consolidated will be calculated in this currency. 
  
  Tips & Tricks: 
  When setting up a customer's consolidation currency, it is important to make sure that it is consistent with the currencies of the invoices that will be consolidated. If there are multiple currencies involved, it may be necessary to convert them into a single currency before consolidating them. 
  
  Related Information: 
  For more information on SAP's Consolidated Billing component, please refer to SAP's official documentation at https://help.sap.com/viewer/product/SAP_ERP_6.0_EHP7/7.31/en-US/f8d9f3a2b3e14c8a9f2d5b3e1c9f4d6a.html